It’s Official: Austria Repatriates Gold, Confirms Loss Of Faith In Bank Of England

by Tyler Durden
ZeroHedge.com
05/28/2015

Earlier today the Austrian Central Bank confirmed the Kronen-Zeitung report, and said that by the year 2020, it would hold 50%, or 140 tons, of its gold domestically, up from 17% currently. This means that Austria will withdraw some 140 tons of gold from the BOE which holds 80% of Austria’s gold currently and send 92.4 tons back home to Vienna with another 47.6 tons being sent to Switzerland. Which is also the biggest news: Austria is explicitly demonstrating a lack of confidence in the “pro-western” system of which the Bank of England is a critical cog, and instead opting for “neutral” Switzerland, which will hold nearly 50 tons of the gold formerly located at the Bank of England.

The Rest…HERE

This entry was posted on Thursday, May 28th, 2015 at 1:03 pm and is filed under Government Evil, New World Order, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.